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VOLT

Volt Information Sciences, Inc.

VOLT

Volt Information Sciences, Inc. • NASDAQ
$30.03 ▲ 0.98% (+0.29)
Market Cap $134.69 M
52w High $31.43
52w Low $19.00
Dividend Yield 0.00%
P/E 29.42
Volume 105.98K
Outstanding Shares 4.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2022 $226.928M ▼ $34.976M ▲ $-1.219M ▼ -0.537% ▼ $-0.055 ▼ $-1.066M ▼
Q4-2021 $227.809M ▲ $34.691M ▲ $1.326M ▼ 0.582% ▼ $0.06 ▼ $3.718M ▼
Q2-2021 $222.092M ▲ $32.95M ▼ $1.879M ▲ 0.846% ▲ $0.086 ▲ $4.118M ▲
Q1-2021 $217.958M ▲ $33.747M ▲ $-2.446M ▲ -1.122% ▲ $-0.11 ▲ $-414K ▲
Q3-2020 $185.941M $31.245M $-4.837M -2.601% $-0.22 $-416K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2022 $54.864M ▼ $247.055M ▼ $217.278M ▼ $29.777M ▼
Q4-2021 $74.866M ▲ $260.104M ▲ $229.011M ▲ $31.093M ▲
Q2-2021 $47.231M ▲ $245.347M ▲ $216.197M ▲ $29.15M ▲
Q1-2021 $40.062M ▲ $240.861M ▼ $214.281M ▲ $26.58M ▼
Q3-2020 $30.928M $241.329M $201.069M $40.26M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2022 $-1.219M ▼ $-11.916M ▼ $-641K ▼ $-16K ▼ $-13.17M ▼ $-12.713M ▼
Q4-2021 $1.326M ▼ $18.993M ▲ $-445K ▲ $14K ▼ $18.54M ▲ $18.53M ▲
Q2-2021 $1.879M ▲ $8.311M ▲ $-832K ▲ $23K ▲ $7.796M ▲ $7.515M ▲
Q1-2021 $-2.446M ▲ $-6.499M ▼ $-963K ▼ $-166K ▼ $-7.641M ▼ $-7.458M ▼
Q3-2020 $-4.837M $10.172M $-859K $-156K $9.215M $9.339M

Revenue by Products

Product Q1-2021Q2-2021Q3-2021Q1-2022
Direct Placement Services
Direct Placement Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Managed Service Program
Managed Service Program
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Staffing Services
Staffing Services
 $0 ▲$0 ▲$0 ▲$220.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Volt’s most recent snapshot as a standalone public company shows a business with solid revenue for a niche staffing firm but only very slim profitability. Gross profit was reasonable for a staffing model, yet most of that was eaten up by operating costs, leaving results close to breakeven at the bottom line. This is typical of many staffing firms, where pricing pressure and competition keep margins tight. The picture is of a company that had largely stopped losing money and was hovering around modest, fragile profitability, rather than one generating strong earnings power on its own.

Balance Sheet

Balance Sheet The balance sheet looked relatively constrained. Volt held a meaningful cash cushion for its size, but it was balanced by a notable level of debt. Equity was thin, which often reflects years of accumulated losses or restructuring. In simple terms, the company did not appear overburdened by debt, but it also did not have a lot of balance-sheet breathing room. That limited financial flexibility likely made the support of a larger parent, like ACS, strategically attractive.

Cash Flow

Cash Flow Volt was generating positive cash flow from its core operations, and after modest investment needs, free cash flow was also positive. That is a healthy sign and suggests the underlying staffing engine was functioning reasonably well. However, the scale of that cash generation was modest, which means there was not much surplus to aggressively pay down debt, invest heavily in new technology, or withstand major shocks. Cash flows were stable but not especially powerful or transformative on their own.

Competitive Edge

Competitive Edge Historically, Volt’s edge came from its long track record in technical and IT staffing, plus relationships in demanding industries like aerospace, automotive, and broader technology. In a sector where many firms look similar and margins are thin, brand history and client trust matter. That said, staffing and employment services are highly competitive and very price-sensitive, with few hard barriers to entry. After the acquisition, Volt’s capabilities are now folded into ACS’s larger platform, giving it more scale and a broader service mix. This likely strengthens its competitive standing against other big players, but the industry remains cyclical and fiercely contested.

Innovation and R&D

Innovation and R&D As a staffing company, Volt’s “R&D” is less about labs and more about how it uses technology to find, manage, and deploy talent. Historically, Volt showed an early willingness to adopt computing systems and focus on technically skilled workers. The ACS acquisition was explicitly positioned as a way to accelerate investment in technology, digital tools, and managed service programs. Going forward, innovation will likely center on better use of data, automation, and AI in recruiting and workforce management, enabled by the larger resources of ACS. Standalone Volt probably did not have the scale to invest as heavily in these areas as larger rivals; being part of ACS potentially changes that.

Summary

Volt entered its acquisition phase as a modestly profitable, cash-generative but financially constrained staffing firm with deep experience in technical and IT placements. Its income statement suggested stabilization rather than strong growth, and its balance sheet and cash flows pointed to a business that could sustain itself but had limited room for major independent expansion or large-scale technology investment. Strategically, its value lay in its specialized capabilities, long-established client relationships, and managed staffing programs. The acquisition by ACS effectively turned Volt from a small, thin-margin public company into a piece of a larger workforce and IT solutions platform, where its historical strengths can be paired with greater financial and technological resources. The future trajectory of “Volt” now depends far more on ACS’s broader strategy than on Volt’s prior standalone financial profile.